As predicted, New York lost about 1% today as the indexes closed at 12,503/1385. This may have been in part due to the Moon-Saturn square. While there is a good chance for a rally tomorrow and into Wednesday, my conviction isn't rock solid. I think we're entering into a potentially difficult period over the next week as Mars applies to the Ketu. The natal Uranus in the 1792 chart sits at 24 Cancer so that may be one possible target for the transiting Mars.
And next week will feature the Sun-Venus (28 Taurus) in tight conjunction squaring the transiting Uranus (28 Aquarius). And remember too that the natal Mars in the 1792 chart sits at 27 Leo. That's forming a t-square which is almost never favourable. So it's hard to see the market moving much higher here and the downside risk is considerable. I think it will probably start moving lower before the end of this week, with the bigger losses occurring next week. I believe there is a genuine risk of a major decline here -- perhaps as much as 5% so we might see the SPX below 1320 at some point in the next two weeks.
The Euro didn't quite get the bounce today that I thought it would as it never really got off the ground and finished only marginally higher. It ended up at 1.5542.
I also predicted Oil would be stronger but that, too, ended up only 0.22 to $127.50. Tomorrow ought to see more on the plus side.
Gold fared somewhat better, so my bullish prediction was partially fulfilled as closed at $897 up 5.50. Let's see if it can stretch out this rally another day.
